Housing Receivership Revolving Fund

Fund Administrator
Program Status
Program Description

By law the Housing Receivership Revolving Fund may be used with court approval, to meet expenses for certain buildings for which a
receiver has been appointed to remedy certain housing violations. New $50M expands the conditions under which the Superior Court may authorize the fund’s use by:
(1) eliminating a requirement that the building in receivership have no more than 20 units or be a mobile manufactured home park or a space or lot
(2) increasing the cap on the anticipated per-unit average expense from $5,000 to $10,000

Also increases the amount that may be spent from the fund in any single municipality from $200K to $1M per year

Program Type
Type of Funding
Source of Funds
General Obligation Bonds
Funding Amounts/Limits

Not more than one million dollars may be expended from said fund in any single municipality per year.

Target Population(s)
Links to Additional Resources

Eligibility

Eligible Applicants
Eligible Project Size
Other Eligibility Guidelines

Application

Application Timeline
Overview of Application Process

Additional Information

Other Notes

If municipality were to bring receivership action against particular project, DOH will develop program to use the funds subject to the judicial ruling

Last Updated
June 6, 2024
Share the Post: